Axelrod: BP cannot 'slow-walk' damage payments

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Senior adviser David Axelrod says "it's not a matter of trust. It's a matter of holding them accountable." He said that when President Barack Obama meets the BP executives later Wednesday, he's "going to insist" on an independently administered claims processing system with billions of dollars in assets.

Axelrod says Obama is determined to ensure that businesses and individuals in the stricken region get their payments "in a timely fashion." He said he thought the president got that point across clearly in Tuesday night's Oval Office address.